murugappa group

Chola MS targets Rs.2,500 crore premium by 2014-15


September 3rd, 2012 - 9:11 pm ICT by IANS
Chennai, Sep 1 (IANS) City-based Cholamandalam MS General Insurance Company (Chola MS) is targeting a premium of Rs.2,500 crore by fiscal 2014-15, a top company official said Monday.To achieve this, ... Read more...

Posted in Business |

Cut temporary workforce in factories: Experts


August 31st, 2012 - 12:39 am ICT by IANS
Chennai, Aug 30 (IANS) At a time when multi-national and domestic companies employ temporary workers on a large scale resulting in industrial unrest, there is a need to reverse the ... Read more...

Posted in Business |

Tube Investments to acquire Shanthi Gears for Rs.292 crore


July 13th, 2012 - 6:06 pm ICT by IANS
Chennai, July 13 (IANS) Multi-product company Tube Investments of India (TI), part of the $4.4 billion Murugappa Group, Friday announced plans to acquire promoter holdings of gear maker Shanthi Gears."We ... Read more...

Posted in Business |

Award is recognition for team work: M.V. Subbiah


January 26th, 2012 - 2:15 am ICT by IANS
Chennai, Jan 26 (IANS) M.V. Subbiah, former chairman of the city based $3.8 billion Murugappa group and chairman of National Skill Development Corporation (NSDC) Wednesday dedicated the award of ... Read more...

Posted in Business |

Coromandel SQM completes water soluble fertiliser plant


January 11th, 2012 - 10:46 pm ICT by IANS
Hyderabad, Jan 11 (IANS) Coromandel SQM (India), a joint venture between Coromandel International Limited and SQM, the world's premier water soluble fertiliser manufacturer, Wednesday announced the completion of India's first ... Read more...

Posted in Business |

Indian fertiliser makers looking to buy mines in Africa


December 11th, 2011 - 3:17 pm ICT by IANS
New Delhi, Dec 11 (IANS) Faced with increasing demand and rising cost of importing raw material, the Indian fertiliser industry is eying mineral assets in Africa."Today there is a possibility ... Read more...

Posted in Business |

Fertiliser industry wants $20 bn for overseas assets


December 7th, 2011 - 3:49 pm ICT by IANS
New Delhi, Dec 7 (IANS) To control the high cost of importing potash and phosphates for the domestic fertiliser industry, manufacturers have asked for creation of a $20 billion sovereign ... Read more...

Posted in Business |

TI to double turnover in cycle segment


September 30th, 2011 - 7:47 pm ICT by IANS
Shimla, Sep 30 (IANS) The Tube Investments of India Ltd (TI), a unit of the $3.8 billion Chennai-based Murugappa group, is aiming to double its turnover in its cycle segment ... Read more...

Posted in Uncategorized |

Indian firm eyes Guiness with world’s largest apron


June 22nd, 2011 - 10:18 pm ICT by IANS
Chennai June 22 (IANS) The way to kitchens in foreign countries is through the Guiness Book of World Records is what the Murugappa group company Ambadi Enterprises Ltd believes.With an ... Read more...

Posted in Business |

Carborundum Universal’s profit logs 56 percent Q3 growth


January 27th, 2011 - 10:41 pm ICT by IANS
Chennai, Jan 27 (IANS) City-based abrasives major Carborundum Universal Ltd (CUMI) posted a 25 percent growth in its consolidated sales and 56 percent net profit for the third quarter ending Dec 31.Part ... Read more...

Posted in Business |

Carborundum Universal Q2 net profit grows 55 percent


October 27th, 2010 - 8:20 pm ICT by IANS
Chennai, Oct 27 (IANS) Abrasives major Carborundum Universal Ltd (CUMI) closed the second quarter of the current fiscal with a consolidated revenue and profit growth of 26 percent and 55 percent respectively.The ... Read more...

Posted in Business |

Vellayan is new chairman for Fertiliser Association of India


September 22nd, 2010 - 9:30 pm ICT by IANS
Chennai, Sep 22 (IANS) The Chairman of $3.3 billion Murugappa Group, A. Vellayan, Wednesday took over as new chairman of the Fertiliser Association of India (FAI). Vellayan has been on the Board ... Read more...

Posted in Business |

Coromandel mulls urea plant in Russia, Middle East


September 8th, 2010 - 9:07 pm ICT by IANS
Chennai, Sep 8 (IANS) Fertiliser major Coromandel International is looking out for opportunities in Middle East or in Russia to set up a urea plant. Part of the city-based $3.03 billion industrial conglomerate, ... Read more...

Posted in Business |

EID Parry takes management control of GMR Industries


August 27th, 2010 - 9:32 pm ICT by IANS
Chennai, Aug 27 (IANS) City-based EID Parry (India)Friday recast the board and top management of GMR Industries after acquiring 65 percent stake in the latter. In a regulatory filing to the National Stock ... Read more...

Posted in Business |

Chola MS targets Rs.900 crore premium in 2010-11


July 16th, 2010 - 8:47 pm ICT by IANS
Chennai, July 16 (IANS) City-based non-life insurer Cholamandalam MS is targeting a premium of Rs.900 crore this fiscal and hoping to bring down its underwriting loss (premium minus claims paid), a top ... Read more...

Posted in Business |

EID Parry now bags GMR Industries


April 25th, 2010 - 8:19 pm ICT by IANS
Chennai, April 25 (IANS) In line with the Murugappa group's vision of growing and expanding its sugar business, the Rs.1,147 crore turnover EID Parry (India) Ltd will acquire majority stake in the ... Read more...

Posted in Business |

Chola DBS to raise Rs.100 cr offering fresh equity


April 5th, 2010 - 4:03 pm ICT by IANS
Chennai, April 5 (IANS) The Board of city-based non-banking finance company (NBFC) Cholamandalam DBS Finance Ltd (Chola DBS) is planning to raise Rs.100 crore from the International Finance Corporation (IFC) by issuing ... Read more...

Posted in Business |

Murugappa to buy out DBS stake in Chola DBS Finance


March 30th, 2010 - 8:23 pm ICT by IANS
Chennai, March 30 (IANS) City-based Murugappa group has decided to buy out DBS Bank's 37.48 percent stake in Cholamandalam DBS Finance Ltd (Chola DBS), a non-banking finance company (NBFC). Two Murugappa group companies ... Read more...

Posted in Business |

Murugappa group plans to double turnover in 5 years


October 1st, 2009 - 5:04 pm ICT by IANS
By Venkatachari Jagannathan Chennai, Oct 1 (IANS) The Rs.15,600-crore diversified Murugappa group is planning major business expansion including acquisitions to more than double its turnover in five years, a top company official says.According ... Read more...

Posted in Business |

Import substitution should be the mantra: Chidambaram


September 21st, 2009 - 10:58 pm ICT by IANS
Chennai, Sep 21 (IANS) It is an "old mindset" that secrecy would be compromised if the Indian private sector is involved in the supply of defence equipment, which was hampering import ... Read more...

Posted in Business |

EID Parry reports dramatic rise in net profit


July 29th, 2009 - 8:26 pm ICT by IANS
Chennai, July 29 (IANS) The city-based EID Parry (India) Limited closed the first quarter of the current fiscal with a marginal increase in its top line while its net profit rose dramatically ... Read more...

Posted in Business |

Satyam looks up with bank funds, new chief executive (Second Lead)


February 5th, 2009 - 9:13 pm ICT by IANS
Hyderabad, Feb 5 (IANS) The cash-strapped Satyam Computer Services will get Rs.6 billion (Rs.600 crore/$130 million) from banks to meet its working capital requirements, and a new chief executive in company veteran ... Read more...

Posted in Business |

Satyam gets new chief executive, advisors


February 5th, 2009 - 6:39 pm ICT by IANS
Hyderabad, Feb 5 (IANS) The scam-hit Satyam Computer Services Thursday appointed a company veteran, A.S. Murthy, as its chief executive, while naming two other outside experts as advisors to the reconstituted board. ... Read more...

Posted in Uncategorized |

Murugappa cup hockey from Sep 4


August 30th, 2008 - 3:20 pm ICT by IANS
Chennai, Aug 30 (IANS) The prestigious All-India MCC Murugappa Cup hockey tournament stages a comeback after a two-year absence with nine teams in the fray at the Mayor Radhakrishnan Stadium here Sep ... Read more...

Posted in Uncategorized |

Promoters raise stake in Tube Investments


July 3rd, 2008 - 7:17 pm ICT by IANS
Chennai, July 3 (IANS) Promoters of the city-based Murugappa Group have increased their stake in their flagship company, the Rs.17.62-billion Tube Investments of India Ltd (TI), to a controlling 51.64 percent. The ... Read more...

Posted in Business |

Tube Investments to launch electric scooters


June 12th, 2008 - 10:23 pm ICT by IANS
Chennai, June 12 (IANS) Tube Investments of India Ltd, part of the Rs.95.82 billion ($2.3 billion) Murugappa group, inaugurated its new electric scooter plant here Thursday. Tube Investments manufactures cycles, automotive and ... Read more...

Posted in Business |

Murugappa Group plans Rs.13 bn investment


May 5th, 2008 - 11:21 pm ICT by admin
Chennai, May 5 (IANS) The $2.4 billion Murugappa Group Monday announced it would invest around Rs.13 billion ($325 million) in capacity build-up in the current fiscal. "Around Rs.7 billion of that will ... Read more...

Posted in Business |

Gopalarathnam is new MD of Cholamandalam MS General Insurance


April 3rd, 2008 - 10:27 am ICT by admin
Chennai, Apr 3 (ANI/ Business Wire India): SS Gopalarathnam, President (Operations), has been appointed as the new MD of Cholamandalam MS General Insurance Company Ltd with effect from April 1.Prior ... Read more...

Posted in Entertainment |

Tube Investments to make car door panels for Tata Nano


February 15th, 2008 - 3:36 pm ICT by admin
Chennai, Feb 15 (IANS) Tube Investments of India Ltd (TIIL) is building a plant in West Bengal's Singur to supply car door panels for Tata Motors' $2,500 Nano, unveiled last month as ... Read more...

Posted in Business |

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